Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Measured Wealth Private Client Group LLC

Key Points

• Measured Wealth Private Client Group LLC reduced its stake in Reinsurance Group of America by 70.7%, owning 1,303 shares worth $257,000 after selling 3,139 shares in Q1.
• Reinsurance Group of America reported $4.72 earnings per share for the last quarter, missing the consensus estimate of $5.58, while revenues amounted to $5.60 billion.
• The company announced a quarterly dividend increase to $0.93, representing an annualized basis of $3.72 with a 2.0% dividend yield.

Measured Wealth Private Client Group LLC trimmed its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 70.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,303 shares of the insurance provider's stock after selling 3,139 shares during the quarter. Measured Wealth Private Client Group LLC's holdings in Reinsurance Group of America were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Cordatus Wealth Management LLC grew its holdings in shares of Reinsurance Group of America by 3.1% during the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider's stock valued at $331,000 after buying an additional 50 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Reinsurance Group of America by 4.9% during the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider's stock valued at $237,000 after buying an additional 56 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Reinsurance Group of America by 0.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider's stock valued at $2,649,000 after buying an additional 60 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Reinsurance Group of America by 5.4% during the first quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock valued at $240,000 after buying an additional 62 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RGA. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Morgan Stanley lifted their price objective on Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Wells Fargo & Company reduced their price objective on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Keefe, Bruyette & Woods lifted their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $243.64.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $186.51 on Friday. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The business has a 50-day moving average of $195.23 and a two-hundred day moving average of $197.13. The stock has a market capitalization of $12.33 billion, a P/E ratio of 16.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the firm earned $5.48 EPS. Reinsurance Group of America's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a $0.93 dividend. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, August 12th. Reinsurance Group of America's payout ratio is presently 30.90%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.

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